Tax - Your Tax Matters Partner

The “Hey Hey Just Don’t Pay” Tax Strategy

by admin | Mar 1, 2021 | Tax

One of the favorite sayings of my first managing partner the late Herb Cohan was “I’d rather owe it to you than cheat you out of it.” To be honest, like some of the other sayings, it was never clear exactly what it meant. Nonetheless, I think it...

Low Income Housing Tax Credit – Aggregators Fight Sponsors In Year 15

by admin | Feb 26, 2021 | Tax

Rule 97 of the Ferengi Rules of Acquisition – Enough is never enough – seems to be theme of the Year 15 struggle between aggregators and the not-for-profit(NFPs) sponsors of low income housing projects. “Year 15” is a reference to the...

Mann Case Sets Precedent For Building Material Reuse Tax Charitable Valuation

by admin | Feb 17, 2021 | Tax

Last month gave us another building material reuse charitable deduction case. The Fourth Circuit sustained a district court decision that entirely denied any charitable deduction to Lawrence and Linda Mann for material from the tear-down of a Bethesda, Maryland house...

Judge In Tax Protester Case Pushed IRS To Investigate Promoter Glen Stoll

by admin | Feb 11, 2021 | Kent Hovind, Tax

Glen Stoll has entered into a plea agreement that may spell the end of a long trail of tax shenanigans. The agreement dated January 15, 2021 has Stohl pleading guilty to conspiracy to defraud the United States and evading the payment of federal income taxes. The...

Reuse Appraiser Pleased IRS Finally Taking Action On Abuses

by admin | Feb 7, 2021 | Tax

Last month the Fourth Circuit upheld a district court decision (Mann v US) supporting the IRS in denying unreasonable charitable deductions for the donation of a house scheduled for demolition. Professionals in the building material reuse industry have been aware of...

Tax Court’s New DAWSON Document System Achieves New Low In Transparency

by admin | Feb 6, 2021 | Tax

The Tax Court after going dark for a month has rolled out DAWSON its new filing and case management system. The system is supposed to honor the late Howard A. Dawson Jr. Judge Dawson was the longest serving judge on the Tax Court. I’m thinking that if he could...